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Driving forces behind informal sanctions
Falk, Armin; Fehr, Ernst; Fischbacher, Urs - 2005
theories of fairness and reciprocity capture these forces. We find that cooperators' punishment is almost exclusively targeted … between different fairness principles. Fairness theories that are based on the assumption that players compare their own … the defectors. Fairness theories assuming that players aim to minimize payoff inequalities cannot explain the fact that …
Persistent link: https://www.econbiz.de/10010267590
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Driving Forces Behind Informal Sanctions
Falk, Armin; Fehr, Ernst; Fischbacher, Urs - Institute for the Study of Labor (IZA) - 2005
theories of fairness and reciprocity capture these forces. We find that cooperators’ punishment is almost exclusively targeted … between different fairness principles. Fairness theories that are based on the assumption that players compare their own … the defectors. Fairness theories assuming that players aim to minimize payoff inequalities cannot explain the fact that …
Persistent link: https://www.econbiz.de/10005703785
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Do the Reciprocal Trust Less?
Dohmen, Thomas; Altmann, Steffen; Wibral, Matthias - Institute for the Study of Labor (IZA) - 2007
We study the intrapersonal relationship between trust and reciprocity in a laboratory experiment. Reciprocal subjects …
Persistent link: https://www.econbiz.de/10005822399
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How do informal agreements and renegotiation shape contractual reference points?
Fehr, Ernst; Hart, Oliver; Zehnder, Christian - 2011
Previous experimental work provides encouraging support for some of the central assumptions underlying Hart and Moore (2008)'s theory of contractual reference points. However, existing studies ignore realistic aspects of trading relationships such as informal agreements and ex post...
Persistent link: https://www.econbiz.de/10010282296
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How Do Informal Agreements and Renegotiation Shape Contractual Reference Points?
Fehr, Ernst; Hart, Oliver; Zehnder, Christian - Institute for the Study of Labor (IZA) - 2011
Previous experimental work provides encouraging support for some of the central assumptions underlying Hart and Moore (2008)’s theory of contractual reference points. However, existing studies ignore realistic aspects of trading relationships such as informal agreements and ex post...
Persistent link: https://www.econbiz.de/10009371874
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Dividing Justly in Bargaining Problems with Claims: Normative Judgments and Actual Negotiations
Gächter, Simon; Riedl, Arno - 2004
Theoretical research on claims problems has concentrated on normative properties and axiomatizations of solution concepts. We complement these analyses by empirical evidence on the predictability of three classical solution concepts in a bankruptcy problem. We examine both people's impartial...
Persistent link: https://www.econbiz.de/10010262122
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Dividing Justly in Bargaining Problems with Claims: Normative Judgments and Actual Negotiations
Gächter, Simon; Riedl, Arno - Institute for the Study of Labor (IZA) - 2004
Theoretical research on claims problems has concentrated on normative properties and axiomatizations of solution concepts. We complement these analyses by empirical evidence on the predictability of three classical solution concepts in a bankruptcy problem. We examine both people's impartial...
Persistent link: https://www.econbiz.de/10005822103
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The behavioral effects of minimum wages
Falk, Armin; Fehr, Ernst; Zehnder, Christian - 2005
The prevailing labor market models assume that minimum wages do not affect the labor supply schedule. We challenge this view in this paper by showing experimentally that minimum wages have significant and lasting effects on subjects' reservation wages. The temporary introduction of a minimum...
Persistent link: https://www.econbiz.de/10010267687
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Cardiovascular consequences of unfair pay
Falk, Armin; Menrath, Ingo; Verde, Pablo Emilio; … - 2011
health, and fairness of pay. …
Persistent link: https://www.econbiz.de/10010278692
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Dissecting Inequality-Averse Preferences
Bergolo, Marcelo; Burdin, Gabriel; Burone, Santiago; De … - 2021
Although different approaches and methods have been used to measure inequality aversion, there remains no consensus about its drivers at the individual level. We conducted an experiment on a sample of more than 1800 first-year undergraduate economics and business students in Uruguay to...
Persistent link: https://www.econbiz.de/10012882404